Get the latest news from RMT as it happens - join our media mailing list
Publication Date: August 22 2008
RMT general secretary Bob Crow said: "Given that Arriva has threatened to withdraw shops from its Cross Country rail franchise while hiking rail fares up by up to seven per cent, these figures are obscene".
The company boasts that bus operating profits are up 20 per cent to £45.5 million and rail profits have ballooned to £14.8 million and share dividend has increased by 10 per cent.
"Millions upon millions of pounds continue to pour into shareholders' pockets - money that should be invested into developing the company's rail and bus services.
"Today's announcement perfectly illustrates why Britain's rail and bus services must be returned to public ownership in order that they are operated in the national interest rather than those of greedy shareholders."
ends
Notes for editors:Arriva results
• Group revenue up 59% to £1,443.4m
• Group operating profit rose 44% to £76.3m
• Group profit before taxation increased by 40% to £66.3m
• After taxation Group profit was £51.1m, up from £37.5m for the same period in 2007
• Earnings per share up 31%
• Interim dividend increased by 10%
`
UK bus
• Revenue up 14% to £454.5m
• Operating profit up 20% to £45.5m
UK trains
• Revenue up to £415.5m from £121.6m
• Operating profit up to £14.8m from £1.1m
• Cross Country passenger revenue for the first 6 months to June 30 up 10.3% following a 4.8% increase in peak fares and average 7% rise in off-peak tickets.
• 75% of the annual fuel requirement for Cross Country remains fixed until 2016
• Arriva Trains Wales revenue up 12.3%.
